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Tag Archive for: Financial Stress

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The Cost of Disability

The cost of disability due to injury or illness is significant and stems from lost work time, medications, equipment, costs of personal care, therapy and more.

When struggling to make ends meet, people encounter stress, anxiety, panic, excessive worry, loss of sleep, relationship issues, poor decision making, and can result in addictions as a form of poor coping.  You can imagine how hard it would be to heal from injury or trauma when significant money stressors are created as a result!

Our OT-V episode below provides insight into how an Occupational Therapist can help you or someone you love plan for future costs related to the specific disability, provide treatment to help you manage your finances more efficiently, and deal with any associated symptoms.

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Older Adults and Financial Stress

In a previous post, Solutions for Disability-Related Stress, we discussed how clients who are ill or who have been injured almost always deal with financial stress, and provided some solutions an Occupational Therapist can offer.

Other sources of financial stress can stem from aging.  Our senior population faces increased healthcare bills, long-term living expenses and more which can all create a great deal of anxiety.   Take a look at the following guide care of Reverse Mortgage Alert (not a mortgage broker) to learn more about Senior’s financial stress and to find some coping strategies.

Reverse Mortgage Alert:  Financial Stress Coping Guide for Seniors